A share price of Tesla Inc [TSLA] is currently trading at $262.51, down -2.48%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TSLA shares have gain 19.95% over the last week, with a monthly amount glided 0.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tesla Inc [NASDAQ: TSLA] stock has seen the most recent analyst activity on October 24, 2024, when Wells Fargo reiterated its Underweight rating and also boosted its price target to $125 from $120. Previously, Truist reaffirmed its Hold rating on October 24, 2024, and elevated its price target to $238. On October 24, 2024, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $249 on the stock. Jefferies reiterated its Hold rating and increased its price target to $195 on October 24, 2024. Goldman reiterated its recommendation of a Neutral and raised its price target to $250 on October 24, 2024. Cantor Fitzgerald reiterated a Neutral rating for this stock on October 24, 2024, and upped its price target to $255. In a note dated October 24, 2024, Canaccord Genuity reiterated an Buy rating on this stock and boosted its target price from $254 to $278.
Tesla Inc experienced fluctuations in its stock price throughout the past year between $138.80 and $271.00. Currently, Wall Street analysts expect the stock to reach $250.85 within the next 12 months. Tesla Inc [NASDAQ: TSLA] shares were valued at $262.51 at the most recent close of the market. An investor can expect a potential drop of -4.44% based on the average TSLA price forecast.
Analyzing the TSLA fundamentals
Trailing Twelve Months sales for Tesla Inc [NASDAQ:TSLA] were 97.15B which represents 7.85% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.19 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 258.65 points at the first support level, and at 254.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 269.95, and for the 2nd resistance point, it is at 277.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tesla Inc [NASDAQ:TSLA] is 1.84. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 8.67, the price to book ratio is 12.04 and price to earnings (TTM) ratio is 71.91.
Transactions by insiders
Recent insider trading involved Taneja Vaibhav, Chief Financial Officer, that happened on Oct 24 ’24 when 4000.0 shares were sold. Officer, VAIBHAV TANEJA completed a deal on Oct 24 ’24 to buy 4000.0 shares. Meanwhile, Chief Financial Officer Taneja Vaibhav sold 8000.0 shares on Sep 23 ’24.
